A shortage occurs when:
A) the price of a good is too high.
B) a market is at equilibrium.
C) the quantity supplied is zero.
D) the quantity demanded is greater than the quantity supplied.

Question

Quizplus · Accepted Answer

A shortage occurs when the quantity demanded is greater than the quantity supplied in a market, resulting in an imbalance where there are not enough goods or services to meet consumer demand. This often leads to an increase in prices as consumers compete for the limited supply of the good or service.

A Shortage Occurs When